Mises Wire

Misunderstanding Both Lincoln and Basic Economics

Cronyism and CorporatismDecentralization and SecessionEconomic PolicyU.S. History

Blog3 hours ago

Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct.

Read More

Hubris Runs Rampant at the Fed

The FedFinancial MarketsMoney and BanksU.S. Economy

Blog8 hours ago

In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building.

Read More

Welfare for Migrants Ensures the Border Crisis Will Continue

U.S. History

Blog02/22/2024

If it were that easy to close a 1,900-mile border, this country would not be awash in illegal drugs imported from abroad. This is why cutting off migrant subsidies and welfare is a critical step in dealing with immigrant flows. 

Read More

Another Reason Why Individual Freedom Is So Much Better than Central Planning

PhilosophyProgressivismRationalismPhilosophy and Methodology

Blog02/22/2024

Progressives believe that restricting individual liberty permits better social outcomes. In truth, it is individual liberty that allows societies to function best.

Read More

Do Human Emotions Better Help Us Understand Economic Analysis?

Other Schools of ThoughtPhilosophy and MethodologyPraxeology

Blog02/22/2024

Behavioral economics operates on the assumption that human emotions play an important role in determining economic choices. However, while all of us have emotions, we ultimately use reason to determine what we need to sustain our lives.

Read More

The Outrageous Persecution of Julian Assange

LawThe Police StateU.S. HistoryWar and Foreign Policy

Blog02/21/2024

As officials feign outrage over the death of Alexei Navalny and the jailing of Evan Gershkovich, the US government tries to imprison a journalist for breaking truly incriminating stories.

Read More

The Death of Easy Money Has Been Greatly Exaggerated

Money and Banks

Blog02/21/2024

Central banks have had the chutzpah to claim credit for slowing down the rise of consumer prices. The truth is they have taken advantage of the supply boost from fading pandemic dislocations to pursue continued monetary inflation.

Read More

The Right Is Wrong to Pursue Term Limits

Big GovernmentDemocracyMedia and CulturePolitics

Blog02/21/2024

While term limits is a near-article of faith by many on the right, the concept is flawed at its inception and the results are worse than anticipated.

Read More